Newbuilding orders grind to a near halt, as ship owners turn to second hand vessels

hellenicshippingnews | April 27, 2016

Newbuilding orders grind to a near halt, as ship owners turn to second hand vessels
The pattern established over the course of the past few months under which ship owners refrain from placing more newbuilding orders on the back of the already high global orderbook for most ship types, appears to be set in stone. In its latest weekly report, shipbroker Allied Shipbroking confirmed that “after a very disappointing first quarter of 2016, with a large gap in the volume of fresh orders reported, it looks as though little has changed, with limited if any interest circulating in the market for most of the main ship types. Prices have seen a significant softening from where they stood at during the start of the year, but little avail as it has not managed to nudge interest as of yet.

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Our services cover a wide spectrum of project logistics and supply chain management solutions such as transport, freight forwarding, heavy lifts as well as terminal and warehousing.

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